Reply to Newly Married, Separate Finances?

Forum Index » Money and Finances

Reply to "Newly Married, Separate Finances?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]Recently married, thinking of keeping separate bank accounts.  Plan is to have one joint bank account from which joint expenses (rent, utilities, groceries etc.) are paid and separate bank accounts for separate expenses (going out with friends, gifts, haircuts, etc.).  Agreed to split expenses 60/40 (me/her for now, based on salary but we may adjust from time to time for raises/unforeseen expenses) so we'll get a rough figure of monthly expenses and contribute to the joint account each month accordingly + an extra cushion so the account isn't overdrawn.  Joint credit card for joint expenses paid from joint account and we keep our separate cards paid from separate accounts.

Neither of us is trying to nickle and dime the other so, for example, if there's a personal care item mixed in with joint stuff from the grocery store it's whatever.  Taxes will be pro rata (total liability prorated by share of income) and 401k will be separate property.  I assume at some point in the near future we should get a post-nuptial agreement laying all this out but was curious whether this is going to be a giant pain in the ass or whether this will be manageable?  Also, am I missing anything?

[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics